Rezolve AI (NASDAQ:RZLV) Price Target Raised to $7.00

Rezolve AI (NASDAQ:RZLV) had its price target lifted by Northland Securities from $5.00 to $7.00 in a report released on Thursday, Marketbeat reports. Northland Securities currently has an outperform rating on the stock.

Several other analysts also recently commented on the company. Alliance Global Partners assumed coverage on Rezolve AI in a research note on Friday, August 1st. They set a “buy” rating and a $8.50 price objective for the company. Cantor Fitzgerald lifted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday. HC Wainwright upped their price objective on shares of Rezolve AI from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Capital raised their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, Maxim Group boosted their price target on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Stock Up 8.1%

Shares of NASDAQ:RZLV opened at $6.79 on Thursday. Rezolve AI has a one year low of $1.07 and a one year high of $8.45. The company has a 50-day simple moving average of $4.48 and a 200-day simple moving average of $2.91.

Hedge Funds Weigh In On Rezolve AI

Institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC lifted its position in shares of Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after acquiring an additional 8,219 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Rezolve AI in the 2nd quarter valued at about $29,000. Hartford Financial Management Inc. purchased a new position in Rezolve AI in the 2nd quarter valued at about $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI during the second quarter worth about $31,000. Finally, Legal & General Group Plc acquired a new position in shares of Rezolve AI in the second quarter valued at approximately $31,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.